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The days of gaming as a hobby only for young people are clearly over. Unlike in the past, gamers are now sticking with console and PC games into adulthood and old age. Consumers aged 55+ account for almost...
I agree with your general point about the economics of hobbies, but I’m not sure it applies here.
If you are sensible about it gaming is, in real buck-per-hour prices, one of the cheapest forms of entertainment available.